Commodities news – Page 16
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NewsRussian invasion of Ukraine leads to fertiliser production cuts
The shortage threatens a food crisis and comes after months of soaring prices
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News2 Sisters warns of ‘hyper-inflation’ with input costs already up 50%
The poultry giant is warning war between Ukraine and Russia will drive food prices up even further over the coming weeks
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NewsKTC halts sunflower oil sales, citing Ukraine conflict
Russia’s invasion of Ukraine – the world’s biggest supplier of the oil – has added to global price hikes and wider supply worries
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NewsGlobal food commodity prices hit record high in February, warns FAO
Further rises likely as FAO says latest numbers ‘only partly’ take in impact of Russia invading Ukraine
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NewsIreland to force farmers to grow grains in light of Ukraine invasion
The move would see Irish farmers diverted from export-orientated production
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NewsDairy farmers drop out of mults as milk prices get less competitive
Soaring farmgate prices are triggering a ‘recruitment war’ for farmers as supermarket supply deals lag behind the market
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NewsRussia invades Ukraine: Commodity prices spike ahead of sanctions announcements
Oil, gas and wheat prices are up following Moscow’s attack
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NewsCampaigners warn trade talks with Brazil could boost banned pesticide use
Differing pesticide rules mean the UK could end up damaging the Amazon by forging closer trade ties with Brazil
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NewsDefra makes key change to pig support package in boost for sector
It will now allow animals processed under its Slaughter Incentive Payment Scheme to be sold on the domestic market
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NewsHMRC acknowledges confusion over new customs form requirements
Filippo Berio has reported delays to olive oil shipments from Italy due to the confusion
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NewsBrexit: UK, EU and Irish statistics show major shifts in Britain’s food trade
The ONS warned the ‘volatile’ data shown in its latest stats were due to Brexit, the pandemic and the global supply chain crisis
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NewsCocoa-linked deforestation continuing despite promises, campaign group says
Over 200 sq miles of jungle has been lost in three years in Ghana and Ivory Coast, according to Mighty Earth
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NewsBacklogged pigs hit 200k as producers call for more supermarket support
The crisis-hit pig sector was due to meet in an industry summit on Thursday
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NewsVegetable oil prices surging amid tightening supply and tensions in Ukraine
It comes as the UN FAO’s Vegetable Oil Index hit an all-time high last month
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NewsRetailers sticking to Fairtrade commitments despite supply chain woes
However, rising consumer inflation could force shoppers into hard choices
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NewsDawn Meats and Dunbia link with tech firm to improve carcase utilisation
The deal with tech company Elemental will allow the suppliers to recover 15% more edible food from every carcase
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NewsRice prices on the rise as exports suffer from disruption to supply
There was ‘approximately 1.5 million tonnes of rice stuck at the ports, that India had planned to export this month’, said Mintec
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NewsAvara Foods sees turnover fall but profitability improve in ‘solid’ results
However, the poultry giant has warned its latest accounting period could prove more challenging
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NewsDefra to ‘cut red tape’ in crop gene editing
The move could further complicate food trade and environmental challenges between the UK and EU
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NewsFood price inflation could top out in early 2022, say commodity experts
Mintec sees metals and energy steadying first after prolonged surges